US Homebuilder Sentiment Drops to Lowest Level Since End of 2022
Workers install kitchen cabinets inside a home under construction in Loudonville, New York.
Photographer: Angus Mordant/BloombergConfidence among US homebuilders fell in June to the lowest level since December 2022, with potential buyers deterred by high mortgage rates and anxiety about tariffs and the economy.
A gauge of market conditions from the National Association of Home Builders and Wells Fargo slipped 2 points to 32 this month. Economists expected 36 in a Bloomberg survey.